A sum of money interested at 8 percentage per annum per simple intrest amounts to rupees 12122 is two year's what will it amounts to in two year eight months at 9 percentage rate of interest
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Answer:
12958.
Step-by-step explanation:
We know that A = P(1+rt/100)
12122 = P(1+16/100)
P = 10450.
After 2 years 8 months, it will be 10450 * (1 + 8/3 * 9/100)
= 10450 * 124/100
= 12958.
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